10/9/2023 0 Comments The big short amazon![]() ![]() If Tesla's stock price falls below the strike price before the options expire, Burry can sell his shares for a profit. The investor's firm, Scion Asset Management, held bearish put options on over 800,000 shares of Elon Musk's electric-car company on March 31.īurry's puts give him the right to sell those shares - worth $534 million at the end of March - at a specified "strike price" before a certain expiration date. Michael Burry shed light on his bet against Tesla in a regulatory filing on Monday. See more stories on Insider's business page.Burry's Scion fund also bet on oil and pharmaceutical stocks and invested in an SPAC.The "Big Short" investor has blasted Elon Musk's automaker's "ridiculous" valuation.Michael Burry held put options on over 800,000 Tesla shares at the end of March.
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